Litecoin (LTC), released in October 2011, is a global decentralized digital currency, based on blockchain technology. It is often referred to as a lightweight Bitcoin, because it's technically nearly identical, but substantially cheaper. All transactions are recorded on a public ledger called The Blockchain. It allows faster processing and faster transaction confirmation. It has the fourth largest market capitalization of all the cryptocurrencies and is carried by many exchanges.
The number of units is capped at 84 million and almost 49 million are in supply. Because of this cap, inflation won't decrease their value. Litecoin miners use their computers resources to support the cryptocurrency that's based on an open source protocol and get rewarded with Litecoins if they have done a certain amount of cryptographic work. Units can be bought or sold against bitcoin or against a fiat currency like the USD or the EUR. You can also purchase good and services with them.
Technical analysis:
. LITECOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018
. There is a possibility of temporary ...
Litecoin is moving towards key monthly support in early Tuesday trading, with the seventh largest cryptocurrency close to a heavy technical breakdown.
A move below the $70.80 support level should provoke heavy selling, as it represents the neckline of a large head and shoulders pattern.
Momentum is currently with sellers and we are seeing the entire ...
Technical analysis:
. LITECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. If you missed our first HUNT, you ...
Technical analysis:
. LITECOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of ...
Technical analysis:
. LITECOIN/DOLLAR is in a downtrend but the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. We have already ...
LTC on the 4 hour seem to have the strongest bounce with the most potential profit,10%, something i always struggle with do you long the one which has fell the most in the dip or the one which has been the most bullish and held up the best during the dip ???
anyways LTC last major buy zone on my chart lined up perfectly with the BTC bullish buy zone which is ...
If you day/swing trade the big 3, LTC ETH BTC you should not be going long on LTC at the moment !!! always monitor the graphs and long the most bullish by basically trading the BTC graph. Example ETH is most most bullish on the day and it reacting stronger when BTC moves up, BTC is falling and it reacts strong to a support looking like it could bounce, Go long on ...
Whilst cryptocurrencies look like they are recovering this week, using a wider chart we can gather a better picture on price. This analysis looks at LTC on the monthly time frame to gather a longer term view on price. Using fib retracement levels and the trend line it is clear that price is still yet to decrease to support level. Once price reaches this level, I ...
LTC looks like is going to throw a new ace on the table! Consolidating above the 0.236 fib retracement has formed a new line support on the RSI which has been holding nicely! looks like is gonna go one leg up breaking the triangle. next major resistance is at the 0.382 fib retracement, but the RSI is playing on the new support really well which makes me think is ...
LTC looks like is going to throw a new ace on the table! Consolidating above the 0.236 fib retracement has formed a new line support on the RSI which has been holding nicely! looks like is gonna go one leg up breaking the triangle. next major resistance is at the 0.382 fib retracement, but the RSI is playing on the new support really well which makes me think is ...
LTC looks like is gonna throw another ace on the table. i am positive about the next move of LTC, looks like is going to break out soon throwing another leg up. i m looking closely the support at 0.0156 BTC, if we break that we are moving down instead. looks like RSI has formed a new strong support so not really worry about a leg down, unless a big shift in the ...
During the last month we have seen a drastic sell off in all crypto due to a massively over-bought market caused by Over enthusiastic and fake hype throughout the whole market with bitcoin -0.34% being the leader, in my opinion this sell off is now over with currency such as lite coin increasing by around $40 in the past week.
Due to news releases in both lite ...
Looking at the LTC chart with Heikin Ashi candlestick pattern, we can see the trend much clearer, and things are looking good with a strong uptrend, all green candlesticks with high wicks, which indicates the trend is currently strong.
However, I don't think we are completely out of the down trend just yet, price needs to make a higher high on the daily before ...
Especially as we are approaching a key resistance level, RSI divergence, and a decrease in volume, could mean a big drop... (i do hope i'm wrong on this!)
